State Act
147
Section 147. Power to discontinue payment towards Sinking Fund.
RAJASTHAN MUNICIPALITIES ACT,2009
Act no. 18 of 20092009In forceRajasthan (State Act)
147. Power to discontinue payment towards Sinking Fund.- If, at any time, the sum standing at the credit of a Sinking Fund established under section 145 for the repayment of any loan is of such amount that if allowed to accumulate at the rate of interest sanctioned under the first proviso to sub-section (1) of section 142, it will be sufficient to pay off the loan within the period approved by the State Government under the said proviso, further payment towards such fund may be discontinued.